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manafull

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  1. Thank you @MongiIG I have just emailed the help desk on this service enhancement request... Just wanted to add to here that, the benefit of this service enhancement request is two-fold: 1) IG Traders will be better informed for this type of massive event, be prepared and enjoy better trading experience on IG platform 2) IG should have less hassle in scrambling to reimburse those folks who were in long-positions suffering from this type of event Thanks again.
  2. Thank you @MongiIG From checking out the Weekly Post of the Dividend Adjustment event, I am a bit surprised to see that the figure of Dividend Adjustment on 1 September that day was a Whopping "35" for ASX 200, as below: So put in this way, as an ASX-200 (cash) day trader, I would have acted with my highest caution, if I knew it coming that day... Because, most of the time the Dividend Adjustment for ASX-200 is small (i.e. 1, 4 or 5) but this "35" figure is gigantic and it is clearly out of band from the other, as you can see from the above table ... Therefore, as I suggested earlier, would IG consider doing better service by sending (i.e. Pushing) the alert of any incoming Gigantic size of Dividend Adjustment like this (say any size > 5 - 8 points of adjustment) to our fellow traders, to ensure the "catastrophic style" of panic is avoidable? IG can either SMS to our phones or consider popping up the alert over the trading dashboard... Thanks again for your support, as always.
  3. Hi @MongiIG, Thank you for organising the webinar where Adam Blemings(Head of Trading) helped answer some of the points in this forum... It was well received... For the question that I raised in the webinar, if I can put it here: " Q: Can you please explain that, for ASX Index trading, how IG transitions the ASX Index from before 4pm to after 4pm? I observed the following happened right after 4pm, 1 September 2021 (last week), when the ASX Index suddenly fell more than 30 points - neither did it follow any technical analysis, nor did it follow the ongoing US S&P 500 index (future) which was going up strongly during that time! Q: did that completely unreasonable / abrupt big fall from IG market was to recover the loss that IG suffered during that day? " If I got it correctly, Adam suggested the above scenario might have been caused by the "dividend adjustment" event, so if for traders who were buying/in-long position but suffered the sudden loss, IG should provide the credits back to them etc.. Though I had once experienced this "dividend adjustment" event before, I have never ever experienced such a massive / insane fall of more than 30 points right after the 4pm, especially the ASX Index was at its peak of the day (before 4pm) whilst the US S&P 500 (future) was going up strongly... As per your experience, do you see this "out-of-blue" sudden fall of 30 point of ASX 200 Index at 4pm, was common under the "dividend adjustment" event? Though luckily I had already closed my position with gain by 3:50pm whilst the index was still at its peak that day, I was pretty sure someone could have contracted heart-attack with this insane 30-point fall, if had their position carried over into 4pm ... Would IG consider the following to improve for the future service, as below: Upon any big "dividend adjustment event" that could trigger massive change of the index in a trading day, can IG consider sending the early warning to all clients (i.e. by SMS or putting Warning Flag over the Trading dashboard / buttons) ? Please note that though I knew there was a dividend adjustment routine schedule published on every Monday somewhere on IG website, I think that's **not enough** to warn people of the "catastrophic" event like this scale. Any thought? Thanks
  4. Hi @JakubIG, On Wednesday (last week), you provided explanation to Cash and Future, which I replied by asking the following: With what you said last Wednesday (above) Now, you are saying the the following: "The value of the ASX 200 Index will be close to the ASX 200 Cash contract. " Why is that in relation to what you said above, where you said ASX 200 " Future" coming directly from the exchange (ASX 200 Index value) and ASX 200 "Cash" is derived from Future (and from Bloomberg) ? As now you are saying "ASX 200 Index value" is more or less closer to "ASX 200 Cash"? I am sorry as it looks like confusion remains, as I am just unable to match between what you said last Wednesday and just now. As we have spent too much time here to discuss the value of "ASX 200 Index", "ASX 200 Cash" and "ASX 200 Future", though I am still confused in terms of their relationship with what you said between now and then, I am sort of getting to note that these values are all different and, fundamentally, you have pointed out the important points below, which I appreciated: 1) ASX 200 Index is not tradable 2) ASX 200 Cash is for trade on IG and it can incur overnight funding costs when applicable (I observe IG spread from 1 point to 4 points in different trading sessions, with no expiry; overnight funding costs for entire weekend may incur also, if the Friday cutoff time is lapsed with any outstanding position carried over) 3) ASX 200 Future is for trade on IG and it will not incur overnight funding costs (I observe IG spread 7 points with expiry, however it seems that there is no modelling support for "ASX 200 Future" trading data analysis by PRT tooling, which only covers the "ASX 200 Cash", which is a shame) Though I am still confused with what you said in the relationship among these figures, I think it is not a big deal in this Forum. I think other folks may have already understood and would not be too fussed on this. I am ok to move on, and thank you very much for your help @JakubIG and @Caseynotes, as always.
  5. Thank you @JakubIG and @Caseynotes !! Just to recap with my screenshot taken from the ASX200 Index value page - please comment only when needed:
  6. Hi @JakubIG, Let's say that if the ASX 200 (Index value on IG Client Home Page) is actually the "ASX 200 Cash" but NOT the "ASX 200 Index value", which you earlier pointed out not tradable, then please: Ignore my above posts, but can you please answer my question below instead: Where can the general public go and find out the "ASX 200 Index value" in REAL TIME? If not in REAL TIME, what is the limitation of its availability and when/where it is available to check? Thanks
  7. Hi @JakubIG, Please also find screenshot below that shows: ASX 200 Cash (IG trading dashboard) SAME value as ASX 200 (Index value on IG Client Home Page)
  8. Hi @JakubIG, Thank you for further explanation. I am sorry I could not make my question clearer during typing my post... In my last post as I pointed out that, in summary, I observed that the following figures that being displayed, and they are always true as everyone can check anytime: ASX 200 Cash (IG trading dashboard) SAME value as ASX 200 (Index value on IG Client Home Page) ASX 200 Future (IG trading dashboard) NOT as ASX 200 (Index value on IG Client Home Page) ASX 200 Future (IG trading dashboard) NOT as ASX 200 Cash (IG trading dashboard) But in your reply below, you indicated something that is not what I observed from above: ASX 200 Future (IG trading dashboard) usually the same as ASX 200 (Index value on IG Client Home Page) So please clarify. Thanks.
  9. Hi @JakubIG Thank you for your reply. This is indeed the land of confusion... When you mention the following for ASX 200 Future and ASX 200 Cash: The above gives me the impression that the FUTURES is direct / as same as the ASX 200 Index currently displayed from the Exchange, where the CASH is a derived figure from the Future. So if my above impression is correct, then please read on: When you go to IG client home page, you will see the following "Australia 200" Index live, i.e. like below: And also from my IG "ASX 200 Cash" on the Deal (real time) trading dashboard, it shows the same as above "ASX 200" index displayed on the IG client home page: However, on the "ASX 200 Future" trading dashboard section (below), it shows the following (sorry I am unable to copy paste quickly enough right after the other copy-paste so the figures below may be slightly different from the real figure): Now the question: From the above, does it mean that: When "ASX 200 Index" or "ASX 200" is commonly mentioned by IG (as above on client home page), or commonly mentioned in financial news update by wider media channels and communities, is it the same as "ASX 200 Cash" ? If the above is correct i.e. if "ASX 200 CASH" is indeed the same as "ASX 200 Index" that people normally talk about on the daily basis, then Why the "ASX 200 CASH" or "ASX 200 Index" is NOT directly from ASX Exchange, but rather a derived figure from the Future that you said "are coming directly from the exchanges ", where the Cash is only derived from the Future ? So please clarify. Cheers
  10. Thank you @Caseynotes for suggestion. As I am unable to edit my last post, I am re-posting my last questions/comments here below: Hi @JakubIG, Thank you for your reply. There are two points I wanted to bring up here: Firstly: With what you said "The main difference between L2 and our web platform is that on L2 you can trade shares using DMA (only shares!). " - my question: Does it mean there is no DMA for ASX 200 Index trading for Pro L2 traders? With my further observation/experience being a retail trader below, would you please clarify the major difference between Retail and Pro L2 Trades, ONLY for trading ASX 200 Index, if DMA is not applicable to both as you mention? Please also note that, being only a retain trader on IG, my current experience told me that there have been **immediate reaction** from the market against the deal I placed (i.e. the market immediately moves to the opposite direction right after I placed the deal), despite the fact that all my indicator modellings agree and supporting the trend of the deal I placed (short term windows). But if I did not place the deal, then the market would continue towards the trend that my indicator modellings agree and suggest. And in order to get over the above situation, I have to force myself not to trade as per short-term windows suggested, but all short and long term windows must agree. However, by doing this I am actually restricted myself to maybe 1x or maximum 2x trades a day, in order to avoid being attacked by the market sudden trend reversal immediately after I place the deal for ASX 200 Index trading. I think, the degree of market reaction against me right after I place the deal on IG, may become the tricky point of difference of being between the Retail Trader (L1), Or Pro L2 Trader (L2) on IG. I suspect that, in summary: the Retail Trader (as proven by my current experience) may be **more vulnerable to suffer from immediate adverse Market reaction (right after placing a deal)" than Pro L2 Trader, during the ASX 200 Index trading. (At least, the fact that I observed from being a retail trader, demonstrated this vulnerability) I speculate that the cause of such difference of vulnerability to market reaction between L1 and L2 traders, is likely to be from the level of access to the market, where L2 traders could place the deal with the group of deals that has less impact to the market index movement during the match making process, where L1 traders have no choice but can only place the deal with the group (i.e. the IG group) that can bring impact to the market index movement during the match making process. I think the L2 traders should be more experienced and should know how to select and place the deal directly in the market (i.e. outside of IG deal group if necessary) that has minimum impact to the market index movement, in order to avoid the immediate adverse reaction... Secondly - I think what you said below Re.: overnight funding fee is nil for ASX 200 Index trading, is incorrect: >> On indices we offer Future contracts and Cash contracts. The price data feed of a future contract is coming directly from the exchange and we just adjust it for the spread (that's how we make money!). On future contracts you don't pay any overnight funding as the spread is wider. As I have been trading ASX 200 Index in all different sessions throughout the day, when my trading slips past from the day session into the night session, I will have to pay overnight funding fee and more to pay to cover the whole weekend overnight funding fees, if my trading session slips past Friday cut-off time. Thanks
  11. Hi @Administrator, Thank you for your reply. There are two points I wanted to bring up here: Firstly: With what you said "The main difference between L2 and our web platform is that on L2 you can trade shares using DMA (only shares!). " - my question: Does it mean there is no DMA for ASX 200 Index trading for Pro L2 traders? With my further observation/experience being a retail trader below, would you please clarify the major difference between Retail and Pro L2 Trades, ONLY for trading ASX 200 Index, if DMA is not applicable to both as you mention? Please also note that, being only a retain trader on IG, my current experience told me that there have been **immediate reaction** from the market against the deal I placed (i.e. the market immediately moves to the opposite direction right after I placed the deal), despite the fact that all my indicator modellings agree and supporting the trend of the deal I placed (short term windows). But if I did not place the deal, then the market would continue towards the trend that my indicator modellings agree and suggest. And in order to get over the above situation, I have to force myself not to trade as per short-term windows suggested, but all short and long term windows must agree. However, by doing this I am actually restricted myself to maybe 1x or maximum 2x trades a day, in order to avoid being attacked by the market sudden trend reversal immediately after I place the deal for ASX 200 Index trading. I think, the degree of market reaction against me right after I place the deal on IG, may become the tricky point of difference of being between the Retail Trader (L1), Or Pro L2 Trader (L2) on IG. I suspect that, in summary: the Retail Trader (as proven by my current experience) may be **more vulnerable to suffer from immediate adverse Market reaction (right after placing a deal)" than Pro L2 Trader, during the ASX 200 Index trading. (At least, the fact that I observed from being a retail trader, demonstrated this vulnerability) I speculate that the cause of such difference of vulnerability to market reaction between L1 and L2 traders, is likely to be from the level of access to the market, where L2 traders could place the deal with the group of deals that has less impact to the market index movement during the match making process, where L1 traders have no choice but can only place the deal with the group (i.e. the IG group) that can bring impact to the market index movement during the match making process. I think the L2 traders should be more experienced and should know how to select and place the deal directly in the market (i.e. outside of IG deal group if necessary) that has minimum impact to the market index movement, in order to avoid the immediate adverse reaction... Secondly - I think what you said below Re.: overnight funding fee is nil for ASX 200 Index trading, is incorrect: >> On indices we offer Future contracts and Cash contracts. The price data feed of a future contract is coming directly from the exchange and we just adjust it for the spread (that's how we make money!). On future contracts you don't pay any overnight funding as the spread is wider. As I have been trading ASX 200 Index in all different sessions throughout the day, when my trading slips past from the day session into the night session, I will have to pay overnight funding fee and more to pay to cover the whole weekend overnight funding fees, if my trading session slips past Friday cut-off time. Thanks
  12. Hi @gxcbv @Administrator, Thank you for your comments. Now, I have the simple question that is perhaps of the most core interest for every retail traders like me, if you can pin point and clarify (assuming "L2 trader" is the same as "Pro Level 2" Trader that a Retail Trader (i.e. L1) can apply on IG): This question is regarding the CFD trading (i.e. ASX 200 Index CFD trading), in terms of placing a "Deal" at real time between Pro L2 Trader and a Retail Trader and using IG platform: For a Real time Deal: 1) Will the ASX 200 Index displayed in the Deal be as the same Real Time ASX 200 Index, for both L2 Trader and Retail Trader? 2) Will the ASX 200 Index be manipulated by IG platform against the Retail Traders, Before and After they placed the Deal? If the answer to 1) is "Yes, it is the Same Real Time ASX 200 Index for both L2 and Retail Traders when placing the Deal" AND 2) is "No, IG platform can not manipulated the ASX 200 Index against the Retail Traders before and after they place the Deal", Then it makes all common sense as it shows the solid foundation of fairness (no discrimination) for placing a Deal whether you are a L2 Trader or Retail Trader on IG. At this stage I have been a Retail Trader on IG since Jan this year, though I am planning to apply for the Professional Level 2 Trader next year, I don't think IG is able to, or allowed by the regulation to manipulate the ASX 200 Index in Real Time to disadvantage clients before or after they place a Deal (at real time). Thanks.
  13. Hi RFSmithers, Thanks for the tips... But when I searched for trusted "ECN" broker in Australia for CFD Index trading, IG Market is among the returned result! So with what you suggested and what the search result I got, IG Market seems to be still the one to stick with for CFD Index trading. Please note that, regarding the market trend is to be against your trade or not, from my experience so far, I think it is really up to you on when to enter the trade, for example: - if you enter the trade at the time when the market is flat with no trend, then it is just like you jump into the calm water and then you make the big splash which could be against yourself - if you enter the trade at the time when the market is on trending, where: if you enter against the trend, then you will be eaten alive from there - FULL STOP - Period; however if you enter on riding the trend, then you will be picking up the fruits along the way through... So with the above, to summarise, it seems to me that (of course - correct me if wrong): 1) IG Market is still the trusted ECN broker in Australia for CFD Index trading 2) A trader needs to know when to enter the trade to ensure s/he to ride on the trend to pick fruits, but not to be eaten alive. Cheers Victor What do you think? Cheers.
  14. Hi traderx, To this: "Secondly, IG has deployed internal algorithm to hunt your hard stop losses and also filled in your limit order with a spike to the dot before immediately move in the opposite direction big time." From time to time I had the similar experience that I didn't feel it was from genuine market behavior... I am trading ASX 200 Index CFD on the daily basis. I am a retail trader since Jan 2021. I had experienced from loss of many good opportunity from good gain, simply because in those occasions, once (within seconds) and right after I closed my positions after period of time of no movements in supporting my positions, then all of sudden it started to move in supporting the positions I just closed !!! Similarly, in several occasions (mostly after 4pm AEST), even though I was very disciplined and followed the trend being supported and confirmed by 8-10 of different types of technical modeling analysis, once I entered position, the trend then turned against me (out of blue no idea) and ensured I locked into loss territory... From the above experience, it didn't look like genuine marketplace movement behavior, though I always blame myself, of course 😞 But, after another thought and asking myself, the ASX 200 Index figure is by no-doubt well published (real-time or past figure), it is simply impossible to be manipulated the ASX 200 Index real-time figure in a silo environment. So I don't think there is anything unethical for market price manipulation on IG platform. However I just still can't explain why some times the market just all of sudden ran against me upon entering or existing trades... One more thing on this: "IG has deployed internal algorithm to hunt your hard stop loss" I believe that the above is not IG's fault, it is the behavior of how the deal making works on exchange system. Because the exchange is just like a match-maker, which always picks orders within close ranges for match-making deals. So if your Stop-Loss is not set to be big enough, then you would become the best candidate for the match making, and of course you would be hunted down quicker by the exchange. Cheers Victor
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